The morning was warm with absolutely clear skys and no wind. A group of six of us were gathered after church at one of their homes. Four of us had stepped out into the back yard to smoke (cigarettes). I was watching an airliner fly through the sky about 1000 Ft or more in altitude and noticed a bright/shiney round object sitting what appeared to be stationary well above and N.W. of the passenger jet. I asked the others what they thought it could be and asked for some binoculars to view it better. Most said that it must be a balloon. It was to hard to see clearly what it was even through the binoculars. It did look circular in shape. Several of us took turns with the binocs. to see if we could make out what it was. It remained stationary the whole time we watched it, not moving up, down or horizontally. As one of the others was looking through the binocs. I began to scan the sky and saw another airliner heading North at what appeared to be a normal flying altitude of maybe 2000 Ft. plus. Then all of a sudden I noticed a formation of seven Bright/shiney oval objects as large as the airliner, flying South far above the airliner. These objects had a bright sheen to them, almost like a "halo" around them. Again I brought this to everyones attention and most dismissed these as military aircraft doing manuvers, geese or something else. The odd thing about this formation was it looked like a lower case "y" flying sideways, tail first and that at the altitude these were flying they were still as large as the airliner. Also noteably peculiar was that three of these craft rotated/changed positions in the formation with relative ease. That is to say that they dropped out of formation, dropped back behind the others, then moved to their new position with ease. Very fluid and quick movements, which seems a strange ability considering their size. Their rate of speed was no faster than normal airliners as a formation. After the formation left our view I returned my attention to the area where we ob! served t he "balloon" and it was no longer in view. The whole time this transpired was no more than 10 minutes. Our group consisted of various ages and backgrounds. As for me, I am prior military, 44 years old, and definately keeping a closer watch on our skys. These are not the first peculiar aircraft I have sighted or reported. I am one that tends not to speculate to much as to where these unusual craft come from. I believe they are made by "man" until proven otherwise. Just seems strange that with all these different objects flying around, how is it that the "men" who makes them or flys them hasn't bragged about it or "let the cat out of the bag" so to speak?